Polymer Grade Propylene (PGP), PCW Mont Belvieu Balmo Future

Description

A balance of the month cash settled future based upon the average
of the daily prices published by PetroChem Wire for the location
specified in Reference Price A

Market Specifications

Trading Screen Product Name

Propylene PCW Futures (balmo)

Trading Screen Hub Name

MT.B

Commodity Code

P10-P1U

Settlement Method

Cash settlement

Contract Size

100,000 pounds

Currency

US Dollars and cents

Minimum Price Fluctuation

One thousandth of one cent ($0.00001) per pound

Listing Cycle

Up to 2 consecutive monthly contract months

Last Trading Day

Last Trading Day of the contract month

Final Settlement

Average of Reference Price A prices

REFERENCE PRICE A

MONOMERS–PGP FOB MT B EPC–PETROCHEM WIRE

a) Description

"MONOMERS-PGP FOB MT B EPC-PETROCHEM WIRE" means that the price for
a Pricing Date will be that day's Specified Price per pound of
polymer grade propylene, stated in US Dollars, published under the
heading "Closing Markets – Monomers - PGP MT B FOB" in the
issue of Petrochem Wire that reports prices effective on that
Pricing Date